How Do Sportsbooks Manage Risk? | Inside Circa Sports Las Vegas - Ep 61 

Circles Off welcomes Director of Risk at Circa Las Vegas, Chris Bennett (@BetChris), to the show!
On this episode, Rob, Johnny, and Chris discuss:
- Managing a Sportsbooks Risk
- What it takes to move lines
- Day in the life of an oddsmaker
- What differentiates Circa Sports from other sportsbooks
& Much More
#SportsBetting #betstamp
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SHOW INDEX:
00:00 Intro
00:58 Chris Bennett's Background
05:04 Day-To-Day Responsibility of a Risk Manager
13:04 Do books use other books to determine odds?
14:48 Circa Openers (NFL/NCAAF)
18:14 Proactive vs Reactive bookmaking
22:11 Validating Your Own Opinion
24:46 Are books trying to balance the action?
33:49 Why Circa Doesn't Limit Players
38:59 How closely does Circa look at props?
40:54 How trading teams react to news
48:50 Closing Line Value
1:02:03 Will sportsbooks shift to allow sharps?
1:13:57 Advice to Previous Self

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